Energy Economics and Policy unit (BEA313)

Introduction

Energy is a key input for a well-functioning economy and is essential for maintaining our modern way of life. Energy influences many dimensions of our economic and social lives. Ensuring future responsible (sustainable) and equitable access to affordable energy is a significant challenge. Economics plays an important role in the functioning of the energy sector, as well as in the development and application of energy policies and regulations, designed to meet the challenge of sustainability. The purpose of this unit is to develop the economic theory necessary to critically evaluate energy policy and related environmental policy. The unit has been structured into 3 sections. The first section will provide an overview of energy markets. Topics include sources of energy and energy use. We will examine the economics of energy production and investment. We also examine energy market regulation. We study power systems in section two. We look at the economics of electricity generation and distribution and the design of power markets. We investigate the issues involved with integrating renewable energy sources in power systems. Section three considers the environmental implications of energy. The focus is on energy related externalities and the policies proposed to correct these externalities. The unit fits into the University's major research themes: Environment, Resources & Sustainability; and, Data, Knowledge and Decisions.

Summary

Unit name	Energy Economics and Policy
Unit code	BEA313
Credit points	12.5
College/School	Tasmanian School of Business and Economics
Discipline	Economics
Coordinator	Doctor Clinton Levitt
Available as an elective?	Yes
Delivered By	University of Tasmania
Level	Advanced

Availability

Specific information on 2027 unit availability will be available in August

Learning Outcomes

• Select and apply appropriate economic theory to analyse energy markets and energy market participants including governments, industry and consumers.
• Use economic theory and models to analyse contemporary energy policies.
• Communicate economic arguments and policy using appropriate evidence.
• Work in a team by applying appropriate communication strategies as well as applying strategies to address group dynamic issues that arise.

Fee Information

2027 fee information will be available in August.

Teaching

Assessment	Reflection on Teamwork (10%)|Research Proposal (20%)|Assignment (30%)|Research Report (40%)
Timetable	View the lecture timetable | View the full unit timetable

Textbooks

Required	N/A
Recommended	N/A

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